Here is some basic information about Property Transfer Tax and how it may apply to you.
What is Property Transfer Tax?
When Should You File a Property Transfer Tax Return?
In addition to providing the basics we have compiled of some of the most frequently asked questions about property transfer tax. If you still have questions after reviewing the FAQs, please contact us.
What types of loans are eligible for an exemption on the first $110,000.00 of property transfer tax?
HOW TO SUBMIT A PAYMENT
If tax is due at the time of transfer, please make checks payable to the Vermont Department of Taxes and complete Form PTT-173, Property Transfer Payment Voucher and send to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
FILING YOUR RETURN
There are two ways to file your return:
Online
E-File using myVTax
Paper Form
Tax preparers who file more than five returns or certificate requests per calendar year are required to use myVTax for filing. If you file fewer than five returns, you can order a specific form online or by contacting us at (802) 828-2515.
Please note: Complete Form PTT-172, Vermont Property Transfer Tax Return with identification numbers and one additional copy with the ID number redacted. Deliver the deed(s) and return to the town clerk. The clerk will record the deed(s) and they will send the copy(ies) with the identification numbers to the Department.
FOR TOWN CLERKS
The following forms are acceptable to record:
| 2017 Acceptable Property Tax Forms | |
|---|---|
| Date of Closing | Form |
| Prior to June 2015 | Available online via myVTax. All previous paper forms accepted. |
| June 2015 - Dec. 7, 2016 | Available online via myVTax or ePTTR* or PTT-172 (paper form rev. 6/15) |
| Dec. 8, 2016 - Current | Available online via myVTax or PTT-172 (paper form rev. 10/16) |
*Discontinued as of Dec. 7, 2016
RATE SCHEDULE
Property Transfer Tax Surcharge for the Clean Water Fund
| When to Apply the Property Transfer Tax and the Clean Water Surcharge | ||||
|---|---|---|---|---|
| Type of Property | Value Taxed | 0.5% Property Transfer Tax | 1.25% Property Transfer Tax | 0.2% Clean Water Surcharge |
| Not Principal Residence | All | ✔ | ✔ | |
| Principal Residence | $0-$100,000 | ✔ | ||
| Marginal Value > $100,000 | ✔ | ✔ | ||
| Principal Residence Purchased w/ VHFA, VCTF, or USDA Assistance | $0-$110,000 | |||
| $110,000 - $200,000 | ✔ | |||
| Marginal Value > $200,000 | ✔ | ✔ | ||
EXCEPTIONS
Principal Residence
- 0.005 on the first $100,000
- 0.0145 on balance
Mortgage obtained through VT Housing Finance Agency/VT Housing & Conservation Trust Fund or the US Department of Agriculture and Rural Development
- First $110,000 is exempt
- 0.0125 on balance on purchase price between $ 110,001 and $ 200,000
- 0.0145 on balance of purchase price over $ 200,000.
Lands enrolled in State use value appraisal programs
- 0.005 Properties transferred before July 1, 2011
- 0.0125 Properties transferred on or after July 1, 2011 and before June 16, 2015
- 0.0145 for properties transferred after June 16, 2015